House, Ambassador car, cash: Andhra CM Chandrababu Naidu worth just Rs 67 lakh

The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh, according to a declaration by his son Lokesh Naidu on Thursday.

The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh, according to a declaration made by his son on Thursday.

The net worth of Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu’s assets is Rs 67 lakh.(HT File Photo)

Chandrababu has various properties worth Rs 3.73 crore, but also bank loans of Rs 3.06 crore — taking his net worth down to just Rs 67 lakh. This was against Rs 42.4 lakh he declared in 2015 and Rs 70.69 lakh in 2014, when he took over as the chief minister of Andhra Pradesh.

On the other hand, Chandrababu’s wife, Bhuvaneshwari, who is the managing director of the family enterprise Heritage Foods, owns assets worth Rs 33.66 crore. Son Lokesh Naidu, presently general secretary of the TDP, too is wealthier than the CM, with properties worth Rs 14.50 crore and daughter-in-law Nara Brahmani owns assets worth Rs 5.38 crore.

The Thursday declaration was the first time the Naidu family disclosed the value of assets registered in the name of Devansh Naidu, Lokesh’s 18-month old son. They are worth a whopping Rs 11.70 crore.

“We have been declaring the assets of our family voluntarily for the last six years to show that it lived by the virtues of trust and transparency,” Lokesh said. “No other family of any politician in the country has declared its assets in such a transparent manner. We hope that all the politicians follow our path and declare their assets.”

He said Heritage Foods, which was established by his father in Chittoor district 24 years ago, had been providing employment to over 10,000 people. “It has bagged several awards for corporate excellence. We have grown to this stage by grace of god,” Lokesh added.

Bhuvaneswari’s assets declined this year to Rs 25.66 crore from last year’s Rs 33.07 crore. Lokesh’s net worth grew to Rs 8.15 crore from Rs. 7.67 crore last year, while his wife also grew wealthier from Rs 4.77 crore to Rs 5.38 crore this year.

Break-up of assets owned by the Naidu family
Chandrababu Naidu	Bhuvaneshwari	Lokesh Naidu	Brahmani	Devansh Naidu
Residence in Hyderabad Rs 3.68 crore	Plot at Punjagutta in Hyderabad Rs 73 lakh	Value of shares in Heritage Rs 2.52 crore	Land at Madhapur Rs 17 lakh	Residence at Jubilee Hills Rs 9.17 crore
Ambassador car Rs 1.52 lakh	Land in Tamil Nadu Rs 1.86 crore	Value of shares in other companies Rs 1.64 crore	Residence at Jubilee Hills Rs 3.50 crore	Fixed deposits in banks Rs 2.4 crore
Cash balance Rs 3.59 lakh	Land at Madinaguda in Hyderabad Rs 73 lakh	Value of car Rs 93 lakh	Commercial space in Chennai Rs 48 lakh	Cash balance Rs 2.31 lakh
	Value of shares in Heritage Foods Rs 19.95 crore		Plot at Manikonda in Hyderabad Rs 1.23 crore
	Shares in other companies Rs 3.23 crore
	Gold ornaments Rs 1.27 crore
	Car value Rs 91 lakh
Total value of assets Rs 3.73 crore	Total value of assets Rs 38.66 crore	Total value of assets Rs 14.50 crore	Total value of assets Rs 5.38 crore	Total value of assets Rs 11.70 crore
Total loans Rs 3.06 crore	Total loans Rs 13 crore	Total loans Rs 6.35 crore